BOHEMIA, N.Y., March 13, 2014 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (OTCBB:AMPG) ("AmpliTech" or the "Company"), a trusted provider of RF/microwave, microelectronic, MMIC, and low noise amplifiers for critical and high-reliability, wireless and commercial applications, today announced that it has met its goals to have a record year in 2013 for sales and profitability. CEO Fawad Maqbool stated, "2013 was a banner year for us, only one year after the company went public. Our strategy was to continue offering our superior custom products and to form strategic alliances with distribution and manufacturing channels to increase our productivity and presence. I am very pleased with our achievement and we plan to continue our growth in 2014. We have a very exciting year planned with new products and partners that will widen our scope as a leading provider of custom communication components. View the video "AmpliTech on TV" to learn more.
About AmpliTech Group, Inc.
AmpliTech Group, Inc. designs, develops, and manufactures custom and standard state-of-the-art RF components for the International Commercial, SATCOM, Space, and Military markets. These designs cover the frequency range from 50 kHz to 40 GHz - eventually, offering designs up to 100 GHz. AmpliTech also provides consulting services to help with any microwave components or systems design problems. Our steady growth over the past 10+ years has come about because we can provide complex, custom solutions for nearly ANY custom requirements that are presented us. In addition, we have the best assemblers, wires, and technicians in the industry and can provide contract assembly of customers' own designs. Website: http://www.amplitechinc.com
This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.